Foreign direct investment in Vietnam increases 40%
(VOVworld) - Foreign investors have poured 10.95 billion USD into new and operational FDI projects and bought stakes in local companies in the first four months of this year, up 40.5 percent from the same period last year.
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The Foreign Investment Agency (FIA) reported that about 4.88 billion USD was drawn into 730 new FDI projects, while 4.36 billion USD landed into 340 existing ones. FDI firms dominated Vietnamese exports with 44 billion USD worth of commodities and services, including crude oil.
The Republic of Korea ranked top out of 83 countries and territories investing in Vietnam with 4 billion USD. Japan came in second with 1.85 billion USD, followed by Singapore with 1.1 billion USD. Northern Bac Ninh province led in attracting FDI with 2.7 billion US. It was followed by southern Binh Duong and Kien Giang provinces.